The new report by Expert Market Research titled, ‘Global Agro Textiles Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global agro textiles market, assessing the market based on its segments like products, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 3%
The expansion of the agricultural industry can be attributed to the increasing demand for food, rising disposable incomes, and the growing adoption of modern farming techniques by farmers to enhance crop quality and production. This is leading to the increase demand for agro textiles in the agricultural sector. In addition to this, the increasing demand for agro textiles for aquaculture applications, fuelled by the growing popularity of seafood both in developed and developing economies, is anticipated to propel the market growth in the forecast period. Furthermore, the increasing demand for ground covers, insect meshes, and fishing nets is likely to augment the market in the coming years. Geographically, the Asia Pacific accounts for a significant share in the market owing to the rising population in the region, and the subsequent demand for food in countries like India and China. Moreover, the growing reliance of emerging economies on the agriculture sector in order to fuel the economy is anticipated to provide impetus to the market growth in the forecast period.
Industry Definition and Major Segments
Agro textiles are man-made synthetic fibres which are knitted, woven, or non-woven. Agro textiles are strong, durable, and are used to regulate the environment for plants and animals. The major applications of agro textiles include agriculture, aquaculture, forestry, horticulture, and fishing, among others.
By product, the market can be segmented into:
- Anti-hail Nets and Bird Protection Nets
- Fishing Nets
The significant applications of the product include:
- Horticulture and Floriculture
The regional markets for agro textiles include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The technological advancements in the agriculture, horticulture, and aquaculture sector and the increasing inclination of small and large scale farmers towards modern farming techniques and components are anticipated to be the key trends guiding the growth of the market. Additionally, the growing research and development activities by the major manufacturers in order to produce high quality agro textiles are expected to further propel their utility. This is likely to be another major trend contributing to the market growth in the coming years.
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Key Market Players
The major players in the market are Beaulieu Technical Textiles, Belton Industries, Inc., B&V Agro Irrigation Co., Hy-Tex (U.K.) Ltd, and Diatex, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.